IHS Chemical Week

Petrochemical prices stable

12:39 PM MDT | September 23, 2013 | Lindsay Frost

With primary hydrocarbon prices stable and demand growth for petrochemicals slackening, buyers report they were in control of trading this week. Spot naphtha was said to be lower by $20 in northwest Europe, which helped buyers push spot ethylene down €20/m.t. ($27). One of the few gainers for the week was spot butadiene, which had been becalmed for a long time after the contact price collapsed over recent months. Sellers say the lowest offers were tightened by $20/m.t., signaling a stabilization of the...

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